There are many ways to plan your gift to the Catalina Island Conservancy. The best choice for you will depend upon your unique circumstances. Although most gift plans are applicable no matter your age, here are some gift options our generous donors have used at different stages in their lives.
When you are under 55, it’s likely you are busy pursuing your career and/or raising your family. Donors in this group have found these gifts appealing:
- Outright Gift of Cash—Your gift provides immediate support for the Conservancy, and you receive the maximum income tax deduction.
- Gift in Your Will—Including a contribution in your will or estate plan is a great way to provide for the future of the Conservancy and, if your situation changes, you can change your gift at any time.
- Beneficiary Designations—It can be as easy as filling out a form with your bank or other financial institution directing a contribution to be made at the end of your lifetime.
If you are age 55-69, you are probably beginning to plan for—or maybe moving into—retirement. In addition to the gift options above, these gift plans may be of interest:
- Outright Gift of Appreciated Securities—You can avoid capital gains taxes with a gift of appreciated securities and receive the maximum income tax deduction too.
- Donor-Advised Fund—Perhaps you have created a donor-advised fund to manage your charitable giving. If so, you can recommend distributions to the Conservancy.
- Deferred Gift Annuity—This gift plan allows you to make a contribution now and, beginning at a time of your choosing, receive payments in return.
By the time you reach age 70, you are probably easing into retirement. Consider these options:
- Gift from Retirement Account—If you are 70½ or older, you can make a contribution from your retirement account and avoid income tax on the withdrawal.
- Gift of Life Insurance—Donate a life insurance policy you no longer need to the Conservancy and receive an income tax deduction for its value, plus deductions for any future premiums you pay.
- Charitable Remainder Trust—A charitable remainder trust turns low-yield appreciated assets into more income, avoids capital gains taxes, and provides an income tax deduction, all while benefiting the Conservancy.
The best gift options for you will depend upon many factors. We would be happy to work with you and your advisors to craft a charitable gift plan that meets your needs and supports Island conservation, education, and recreation. To learn more, please call 562-437-8555 or email donate@catalinaconservancy.org.